Republic First Bancorp, Inc. Receives Compliance Notice and New Notice of Non-Compliance from Nasdaq

Mar 24, 2023

PHILADELPHIA, March 24, 2023 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK) (the “Company”), the holding company for Republic First Bank d/b/a Republic Bank, announced that on March 17, 2023, following the filing of the Company’s Quarterly Report on Form 10-Q for the three and nine months ended September 30, 2022, the Company received formal notice from The Nasdaq Stock Market LLC (“Nasdaq”) confirming that the Company had regained compliance with the filing requirement set forth in Nasdaq Listing Rule 5250(c)(1) (the “Filing Requirement”) by filing the Form 10-K for the fiscal year ended December 31, 2021, and the Forms 10-Q for the periods ended March 31, June 30, and September 30, 2022 with the Securities and Exchange Commission (the “SEC”). Nasdaq advised the Company that the Nasdaq Hearings Panel (the “Panel”) would retain jurisdiction over the listing matter until the Company demonstrates compliance with all applicable criteria for continued listing on The Nasdaq Global Market, including the annual shareholder meeting requirement under Nasdaq Listing Rule 5620(a).

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